MyFundedCapital Trading Competition

Anyone can participate in The MyFunded competitions. To be eligible to win, you must take part in at least five simulated trading days and adhere to these rules:

1. The participant can only join with one registered account. If more than one account is registered by the same person, they will be disqualified from the competition immediately.
2. The daily drawdown is based on either the account balance or equity, whichever is greater when the day changes.
3. The daily drawdown amount is always 5% when the challenge starts. For a $100,000 account, the daily drawdown will deduct $5,000 from the balance or equity.
4. The challenge’s leverage is similar to The Funded Trader’s Standard Challenge.
5. The maximum total drawdown is 10%, and you must trade a minimum of five simulated trading days to become eligible to win.
6. Expert advisors are not allowed.
7. You should not take advantage of unrealistic fills in the demo environment.
8. All instruments have five maximum position limits. Lot sizes are limited to five lots for forex, one for indices, and one for commodities.

If your account hasn’t been active for more than 14 days, it will be considered expired and disqualified from the competition. If disqualified, you will be unable to participate in the current competition. However, there is no restriction on taking part in successive competitions.

MyFunded rewards the top 50 profitable traders. Prizes typically include free access to a simulated trading challenge, as well as cash prizes in varying amounts and gift codes. The higher you rank, the more you win. For instance, our December competition winner received $6,000 in cash and a free $300,000 challenge account.

To keep the competitions interesting, prizes vary from month to month. For example, for March 2023, The Funded Trader is offering prizes to the top 50 competition traders:

1. 1st place prize: $2,000 in cash and access to the $300,000 Royal Challenge
2. 2nd place prize: $1,000 in cash and access to the $200,000 Royal Challenge
3. 3rd place prize: A $500 cash prize and access to the $100,000 Royal Challenge
4. 4th–15th place: Free access to the $50,000 Royal Challenge
5. 16th–30th place: Free access to the $25,000 Standard Challenge
6. 31st–50th place: Free access to the $10,000 Standard Challenge

Be sure to look at the prizes before entering the competition. Once the competition is complete, our Risk Team analyzes the top 50 traders, and the winners are announced in our Discord community. The first-place winner will be notified via email from The Funded Trader team.